MGP Ingredients, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - APLT

LOS ANGELES, Jan. 2, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against MGP Ingredients, Inc. ("MGP" or "the Company") (NASDAQ: MGPI) for violations of the federal securities laws.

Shareholders who bought the Company's securities between May 4, 2023 to October 30, 2024, inclusive (the "Class Period"), are encouraged to contact the DJS Law Group before February 14, 2025.

CASE DETAILS: According to the Complaint, MGP allegedly made misleading statements when it revealed a 14% decline in sales year-over-year on October 17, 2024, while also lowering its annual guidance in a move described as "breathtaking" and a "material surprise" by analysts. MGP also failed to disclose a slowdown in consumption and an oversupply of its brown goods, including American whiskies and tequila.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

 Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE DJS Law Group LLP